GENERAL MILLS INC

Consolidated Balance Sheets

(In Millions, Except Par Value)

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$

2,292.8

$

418.0

1,781.9

1,696.2

1,967.9

1,898.2

458.0

568.5

Assets held for sale

880.8

Total current

assets

7,381.4

4,580.9

Land, buildings, and equipment

3,457.0

3,863.9

6,743.3

6,979.9

Other assets

1,386.7

1,294.5

Total assets

$

33,396.1

$

31,469.9

LIABILITIES AND EQUITY

Current liabilities:

$

4,068.8

$

3,987.8

Current portion of long-term debt

1,821.5

1,614.1

Notes payable

264.3

11.8

1,804.5

1,419.4

Liabilities held for sale

65.2

Total current

8,024.3

7,033.1

Long-term debt

12,435.8

11,304.2

2,232.9

2,200.6

Other liabilities

1,253.9

1,283.5

Total liabilities

23,946.9

21,821.4

Stockholders’ equity:

754.6

shares issued, $

0.10

75.5

75.5

Additional paid-in capital

1,182.0

1,227.0

Retained earnings

20,971.8

Common stock in treasury,

at cost, shares of

202.4

and

195.5

(10,357.9)

Accumulated other comprehensive loss

Total stockholders’

equity

9,200.7

9,396.7

Noncontrolling interests

248.5

251.8

Total equity

9,449.2

9,648.5

Total liabilities and equity

$

33,396.1

$

31,469.9

Consolidated Statements of Total

Equity

Shares

Amount

Shares

Amount

beginning balance

$

9,526.6

$

10,515.4

billion shares authorized, $

0.10

754.6

75.5

754.6

75.5

Additional paid-in capital:

1,164.6

1,185.7

(4.1)

(6.5)

Unearned compensation related to stock unit awards

(4.6)

(0.5)

Earned compensation

26.1

23.1

1,182.0

1,201.8

Retained earnings:

21,213.9

20,163.6

795.7

595.5

Cash dividends declared ($

1.20

and $

1.18

per share)

(669.3)

(678.2)

20,080.9

Common stock in treasury:

(198.8)

(10,601.9)

(173.4)

(8,874.3)

Shares purchased, including excise tax of $

2.6

and

$

7.9

million

(4.2)

(303.0)

(12.4)

(808.8)

0.6

31.6

0.1

5.7

(202.4)

(185.7)

(9,677.4)

Accumulated other comprehensive loss:

(2,576.5)

(2,288.1)

Comprehensive income (loss)

52.7

(13.9)

(2,302.0)

Noncontrolling interests:

251.0

253.0

Comprehensive income

5.3

7.1

(7.8)

(7.7)

Change in ownership interest

0.7

248.5

253.1

ending balance

$

9,449.2

$

9,631.9

Consolidated Statements of Total

Equity

Shares

Amount

Shares

Amount

beginning balance

$

9,648.5

$

10,700.0

billion shares authorized, $

0.10

754.6

75.5

754.6

75.5

Additional paid-in capital:

1,227.0

1,222.4

(9.3)

0.8

Unearned compensation related to stock unit awards

(81.7)

(79.9)

Earned compensation

46.0

58.5

1,182.0

1,201.8

Retained earnings:

20,971.8

19,838.6

1,375.6

1,269.0

Cash dividends declared ($

1.80

and $

1.77

per share)

(1,007.1)

(1,026.7)

20,080.9

Common stock in treasury:

(195.5)

(10,357.9)

(168.0)

(8,410.0)

Shares purchased, including excise tax of $

4.8

and

$

12.1

million

(8.7)

(605.2)

(18.8)

(1,313.5)

1.8

89.8

1.1

46.1

(202.4)

(185.7)

(9,677.4)

Accumulated other comprehensive loss:

(2,276.9)

Comprehensive loss

(4.1)

(25.1)

(2,302.0)

Noncontrolling interests:

251.8

250.4

Comprehensive income

9.5

14.0

(12.8)

(12.0)

Change in ownership interest

0.7

248.5

253.1

ending balance

$

9,449.2

$

9,631.9